Crazy Speed Scalper

Crazy Speed Scalper is a fully automated Expert Advisor that works by observing speed of price movements, RSI and Moving Average.

How It Works?

Crazy Scalper uses RSI and MA combining them with a price movement speed. This EA works by observing the speed price movement in each candle to look for entry points.

Below is a logic for an entry or exit point:

Entry Point

• Logic Order Buy: If bullish candle with Speed price movements more than minimum speed, and RSI more than 70 and Bid prices more than EMA.
• Logic Order Sell: If bearish candle with Speed price movements more than minimum speed, and RSI less than 35 and Bid prices less than EMA.

Close Order

For an exit point, you can use a standart take profit and stop loss with a breakeven or you can use a trailing stop method.

Attention

• Not all brokers are suited to run this EA.
• only a broker with a low spread and order execution time of less than 100 milliseconds.
• This EA is newly developed and has not been tested in the demo/real account.

Requirements

• 5 or 4-digit broker.
• It is recommended to use an ECN broker with a low spread and fast execution.
• The minimum leverage is 1:200.

Parameters

• Comment EA - order comment.
• Fixed Lots - only used if UseMM (money management) is set to false.
• Magic Number - any number that differs from other EA's numbers running at the same time.
• Slippage - order slippage.
• Take Profit - take profit in points.
• Stop Loss - stop loss in points.
• UseMM - money management.
• Risk - risk setting in percentage of the balance, for 10.0 the risk is 10% of the balance.
• Min Speed - minimum speed to open an order; set it between 10-20.
  
• Use Trailling - set it to true to use trailing.
• Start Trailling - distance from an order price to start trailing (in points).
• Step Trailling - distance from the current price to trailing (in points).
• Use Lock Profit - set it to true if you want to lock position when in profit.
• Lock After Point - distance from an order price to a lock.
• Distance lock - distance from the current price to a lock.
• Start Hour - trading start hour.
  
• Stop Hour - trading stop hour.